Edison Investment Research - Globalworth Real Estate Investments Limited (GWI) Initiation: Growing value

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Edison Investment Research

Initiation: Growing value

Globalworth Real Estate Investments (GWI) is a young and fast-growing real estate investment company focused on Romania, where the economy is growing and commercial property supply-demand dynamics are favourable. It is targeting attractive yields generated from a mix of quality completed, income-generating assets and development projects to generate cash flows and an eventual high payout ratio. Prospects for yield convergence and additional NAV growth (above that forecast) look positive. The management team is experienced, with a strong track record in Romania, and interests that are aligned with external shareholders.

24/07/2015 20 EN

Underlying

Globalworth Real Estate Investments Limited

Globalworth Real Estate Investment is a integrated real estate company operating in the Central and Eastern Europe and South-Eastern Europe region with a primary focus on Romania, where it acquires, develops and directly manages primarily office and logistics/light-industrial real estate assets. Co. has three reportable operating segments: the Offices segment, which acquires, develops, leases and manages offices and spaces; the Residential segment, which builds, acquires, develops and leases apartments; and the Other segment, which acquires, develops, leases and manages industrial spaces and corporate holding offices.

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GG00B979FD04 London Stock Exchange Guernsey

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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